Crypto and blockchain markets remain unfazed by the changes.
On November 29, 2025, the People’s Bank of China, along with two other regulatory bodies, announced new regulations easing cash withdrawal scrutiny for amounts over 50,000 yuan.
This policy shift aims to reduce banking friction while maintaining anti-money laundering efforts, potentially enhancing liquidity in China’s financial system without affecting cryptocurrency markets.
China’s key financial regulators — the People’s Bank of China, China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission — jointly issued new regulations on November 29. Previously requiring source registration for cash transactions over 50,000 yuan, these measures have now been removed, aligning with draft proposals.
Banks will now evaluate risks when managing cash withdrawals. In low-risk scenarios, simplified measures apply, while high-risk transactions will invite deeper investigations. This approach seeks to balance procedural efficiency and security. According to the People’s Bank of China, “The removal of the requirement for individuals to register the source of funds for cash withdrawals exceeding 50,000 yuan reflects our commitment to streamlining financial regulations while maintaining vigilant anti-money laundering measures.”
Market responses to the new regulations have been moderate, with no major impacts reported on cryptocurrencies like Bitcoin or Ethereum. Regulatory bodies emphasize enhancing supervision without imposing blanket restrictions.
Did you know? China’s previous strict cash transaction monitoring aimed to prevent money laundering and capital flight. This recent relaxation reflects a shift towards balancing oversight with commercial ease.
Based on CoinMarketCap data as of November 29, Bitcoin (BTC) holds a market cap of $1.81 trillion, with a current price of $90,854.16. The currency experienced a 0.85% decline over 24 hours but shows an 8.12% increase over the week. The 24-hour trading volume stands at $57.26 billion.
